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New Providence council approves ordinance to cancel $88,700 in unused capital obligations and several budget items
Summary
The Borough of New Providence approved an ordinance to cancel $88,700 of previously authorized but unissued capital obligations, a final roofing payment for the Corso Center, and several interfund transfers and routine payments; council also approved a small public-works requisition for a wastewater plant valve replacement.
The New Providence Borough Council on (date not specified) voted to adopt an ordinance that cancels $88,700 of previously authorized but unissued capital project obligations. Council members closed a public hearing on the ordinance after no members of the public spoke and approved the measure by roll call.
Council also approved a final payment to Northeast Roof Maintenance Inc. for work at the Corso Center; the payment was read during the meeting as $23,377.25 for the final roofing payment. The meeting included the reading of a bills-payable list; the exact total as read at the microphone was not clearly recorded in the transcript and is therefore not specified here.
Finance items included internal transfers within 2024 budget accounts and a trust-fund transfer authorizing the chief financial officer to move funds into reserves for insurance and snow-removal/storm recovery. These transfers were presented as routine year-end housekeeping while the borough completes its 2025 budget work.
Separately, the council approved a public-works requisition (R2500-435) not to exceed $5,250 to Rapid Pump and Meter Service Company Inc. for a 12-inch gate valve replacement at low-lift pump No. 1 at the wastewater treatment plant. Staff said the valve showed a crack during pump upgrade work and must be replaced before the pump can be updated; the replacement will require approximately a four-hour shutdown of the affected tank.
All motions on the listed finance and ordinance items carried after roll-call votes recorded at the meeting. The council did not receive public comment on the ordinance cancellation or the budget-transfer resolutions.
The council's next steps include continuing work on the 2025 budget and answering follow-up questions from bond counsel about financing options for two large upcoming capital projects.
